Common use of Distribution to Settlement Class Members Clause in Contracts

Distribution to Settlement Class Members. (a) The money remaining from the Settlement Amount, including any accrued interest thereon, after the payment of approved Attorneys’ Fees and Expenses, Administration Costs, and Taxes and Tax-Related Costs (or any estimate of those amounts to be incurred in the future), shall constitute the funds available for distribution to Settlement Class Members (the “Distributable Settlement Amount”).

Appears in 2 contracts

Samples: Settlement Agreement and Release, Settlement Agreement and Release

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Distribution to Settlement Class Members. (a) The money remaining from the Settlement Amount, including any accrued interest thereon, after (i) the removal of amounts for those parties who opted out of the Settlement, (ii) payment of any approved Attorneys’ Fees and ExpensesFees, Administration approved Reimbursable Costs, and (iii) payment of Notice Costs, Taxes and Tax-Related Costs (or any estimate of those Costs, and amounts due to be incurred in the future)Settlement Administrator for its services administering the Settlement, shall constitute the funds be available for distribution to Settlement Class Members (the “Distributable Settlement Amount”).

Appears in 1 contract

Samples: Settlement Agreement and Release

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Distribution to Settlement Class Members. (a) The money remaining from the Settlement Amount, including any accrued interest thereon, after the payment of any approved Class Representative Service Awards, approved Attorneys’ Fees and Expenses, Administration Administrative Costs, and Taxes and Tax-Related Costs (or any estimate of those amounts to be incurred in the future), shall constitute the funds available for distribution to Settlement Class Members (the “Distributable Settlement Amount”).

Appears in 1 contract

Samples: Settlement Agreement and Release

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